The Children's Place, Inc. Stock Forecast
Big movements in The Children's Place, Inc. stock price on Tuesday moving 19.17% between high and low
(Updated on May 07, 2024)
The The Children's Place, Inc. stock price gained 16.44% on the last trading day (Tuesday, 7th May 2024), rising from $8.03 to $9.35. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 19.17% from a day low at $7.93 to a day high of $9.45. The price has risen in 7 of the last 10 days and is up by 30.59% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 358 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $12.36 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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PLCE Signals & Forecast
Mostly positive signals in the chart today. The The Children's Place, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $7.73 and $9.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 39.14%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for The Children's Place, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $8.46 and $8.38. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, The Children's Place, Inc. finds support just below today's level at $8.46. If this is broken, then the next support from accumulated volume will be at $8.38 and $8.28.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.52 between high and low, or 19.17%. For the last week, the stock has had daily average volatility of 14.31%.
Our recommended stop-loss: $8.99 (-3.82%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (PLCE) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect The Children's Place, Inc. to open at $8.91, and during the day (based on 14 day Average True Range), to move between $8.21 and $10.49, which gives a possible trading interval of +/-$1.14 (+/-12.20%) up or down from last closing price. If The Children's Place, Inc. takes out the full calculated possible swing range there will be an estimated 24.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.46 (9.52%) than the resistance at $10.82 (15.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is The Children's Place, Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.633 Buy Candidate Upgraded
Predicted Opening Price for The Children's Place, Inc. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $8.91 ( 4.71%) | $9.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PLCE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.43 | 11.55 % | |
| R2 | 9.85 | 5.34 % | ||
| R1 | 9.49 | 1.50 % | ||
| Current price: | 9.35 | |||
| Support | S1 | 8.33 | -10.92 % | |
| S2 | 7.97 | -14.75 % | ||
| S3 | 7.39 | -20.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.54 | 23.42 % | |
| R2 | 11.29 | 20.75 % | ||
| R1 | 10.82 | 15.72 % | ||
| Current price | 9.35 | |||
| Support | S1 | 8.46 | -9.52% | |
| S2 | 8.38 | -10.37% | ||
| S3 | 8.28 | -11.44% |
PLCE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 11, 2019 | Dec 13, 2019 | Dec 27, 2019 | $0.560 | 0.90% |
| 2 | Aug 21, 2019 | Sep 20, 2019 | Oct 04, 2019 | $0.560 | 0.764% |
| 3 | May 15, 2019 | Jun 17, 2019 | Jun 28, 2019 | $0.560 | 0.587% |
| 4 | Mar 21, 2019 | Apr 12, 2019 | Apr 26, 2019 | $0.560 | 0.507% |
| 5 | Dec 06, 2018 | Dec 14, 2018 | Dec 28, 2018 | $0.500 | 0.544% |
FAQ
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